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General and Administrative Expenses (Tables)
 6 Months Ended
Jun. 30, 2013
Other Income And Expenses [Abstract]  
Schedule of General and Administrative Expenses

General and administrative expenses for the six months ended June 30, 2013 and 2012 consisted of the following ($ in thousands):

 

     Six Months Ended June 30,  

General and Administrative Expenses

    2013      2012  

Management fees to affiliates

    $ 983       $ —     

Professional services

      1,267         802   

Operating and other costs

      975         954   
  

 

 

     

 

 

  

Subtotal

      3,225         1,756   
  

 

 

     

 

 

  

Non-cash compensation expenses

      

Management incentive awards plan - CT Legacy Partners (1)

      1,511         181   

Director stock-based compensation

      75         112   

Employee stock-based compensation

      —           210   
  

 

 

     

 

 

  

Subtotal

      1,586         503   
  

 

 

     

 

 

  

Expenses of consolidated securitization vehicles

      654         64   
  

 

 

     

 

 

  

Total

    $ 5,465       $ 2,323   
  

 

 

     

 

 

  

 

(1) Represents the accrual of amounts payable under the CT Legacy Partners management incentive awards during the period. See below for discussion of the CT Legacy Partners management incentive awards plan.